I would guess by now, that everyone recognizes that there are no good organic reasons for the stock market to go much higher; that is, beyond ranges associated with normal market metrics, i.e. PE's are completely in an insane zone, and have been for many years.
Yet, I have been predicting 26,000 on the Dow Jones for many years; for reasons that I have not entirely revealed, yet.
But here is yet another fundamental reason that the market is inevitably
charging ahead:
In today's global investment markets -- If you are in Britain (facing
Brexit BS, for next three years), Europe, S.A, Asia or
Middle East and you have money management responsibilities and you
have to put $10 to $50 million to work today, as in to grow (to keep your job!); where do you
put that money?
Britain?
Europe?
S.A?
Middle East?
Asia?
No, you put some - or a lot - in the USA.
And then what do you buy?
Bonds?
Really over-priced Real Estate --
with no quick exit?
Cars?
Paintings?
No! NYSE -- with your index finger on the sell button!!
And all that foreign money is piling in Now; and it will eventually
pull in the Sheeple here in the USA - somewhere around 21,500 to
23,000 on the Dow!
And thus 26,000 on the Dow - or higher - here we come; simple,
really simple.
The last full blown Kondratieff Long-Wave contraction occurred in the 30's. The next Kondratieff Long-Wave finally commenced in 2007-08, after being delayed by several foolish and ultimately unsuccessful interdictions of the US Monetary and Fiscal authorities. Its reemergence is now ordained with the FED's insanely structured ZIRP! Therefore, the Kondratieff's full impact is due to reassert itself in the next 18 to 36 months. If you want to know more: go to, www.polestarcomm.com
